The Gap exec responsible for the catastrophe that was their logo redesign has been shown the door after 24 years with the company. Marka Hansen was president of the company’s North American division, a position she held for four years. The company also had lukewarm sales during the Christmas season. That logo was seriously the worst thing ever for everyone involved.
Project Runway favorite Mondo Guerra has designed a limited edition t-shirt for Valentine’s Day that went on sale today on Piperlime.com. For every tee sold, a $20 donation will be made to amfAR, the organization dedicated to AIDS research. According to the organization, the last t-shirt Mondo designed for World AIDS Day sold out in hours and raised $15,000.
The Obama administration has announced a new public-private initiative, Startup America, which will focus its efforts on helping entrepreneurs. Recent studies show that the most dramatic recent job growth has come from new companies rather than small ones.
Minute Maid Pulpy, a Coca-Cola brand developed for China, hits $1 billion in sales, a first for an emerging market.